FinCEN Acting Director’s Statement Regarding U.S., U.K. Collaboration on Prize Challenges to Accelerate Development and Adoption of Privacy-Enhancing Technologies

Today, the U.S. and U.K. governments announced the development of prize challenges focused on advancing the maturity of privacy-enhancing technologies (PETs) to combat financial crime.

“FinCEN is pleased to support this important initiative to advance the development of a building block for protecting the U.S. financial system from illicit finance,” said Himamauli Das, Acting Director of the Financial Crimes Enforcement Network (FinCEN).

More information is available here.